Financial Accountant (Treasury)
THE ROLE
WiseEnergy is a trusted and established solar asset manager, offering all the services clients require to manage and optimise large-scale solar plants, from development and construction through to long-term operational asset management. We have an exciting opportunity for an experienced, passionate finance professional to support the delivery of finance asset management services to one of our most important clients in London.
We are looking for someone who genuinely cares about the people they work with, naturally seeks to collaborate and enjoys the buzz of good camaraderie. Although, as with all finance roles, you will need to have exceptional attention to detail, this role is not suitable for someone wanting to lock themselves away – you will need the right balance of introversion and extroversion to be comfortable in this role. In other words, you will be a key member of the team who can build and maintain good working relationships with internal stakeholders.
The successful candidate will have a strong analytical mind, can identify and communicate the reasons as to why actual cash balances deviate from forecast and can deliver monthly reporting to deadlines. The need for strong cash reporting and a detailed understanding of their treasury position is becoming ever more important for our client. For this reason, there is a strong desire for the successful candidate to have prior treasury experience or a keen interest in exploring how to optimise cash balances.
There is an expectation of consistency and accuracy of outputs, as well as delivering and maintaining a high degree of customer service (internal stakeholders). In view of this, you will be expected to appropriately flag issues and support their resolution through to the end and proactively drive continuous improvement.
KEY RESPONSIBILITIES
The following responsibilities are applicable to the circa 100 SPVs and HoldCo’s which are owned by our listed client.
Cash modelling and forecasting
- Be responsible for running the monthly cash distribution model, including co-ordinating the various teams who input to this process
- Analyse and explain month on month movements in the cash distribution forecast (including budget vs actual analysis)
- Highlight where there are cash shortages and propose solutions to remedy, where available
- Coordination with the debt management team to monitor debt covenant compliance for SPVs with external debt facilities
- Calculate and report on trapped cash on a bi-annual basis
Distributions
- Calculate quarterly cash distributions from SPVs to HoldCo’s to the Fund ensuring sufficient working capital is retained
- Ensure distributions adhere to debt facility compliance certificates and other facility terms
Cash Management
- Daily check on cash balances
- Investigate any cash balances that the Payment Team raise as being below minimum requirements prior to submission of weekly payment runs
Retentions
- Ensure a reconciliation between the Retentions register / SPV Balance Sheets / Ringfenced cash balances is maintained and updated on a quarterly basis
Process Improvements
- Identify and implement improvements to processes to increase efficiency and accuracy of tasks
Ad Hoc Client Requests
- Be able to deliver on ad hoc cash related requests by the client.
SKILLS & COMPETENCIES
To be successful in this role, you will demonstrate:
- Time management & prioritization skills - things can get a little hectic, so the ability to effectively manage yourself and your workload is critical
- Excellent interpersonal and communication skills (in English or/and other European languages) - you must be able to organize your thoughts in a way that others find clear and compelling. You will be expected to together well-written, grammatically correct emails and other communications. When communicating verbally – whether over the phone, on video calls, in person or in meetings – you will need to be articulate, warm and engaging
- Flexibility - being an effective team player means being flexible in your approach and open to getting involved with new things, even if they are not spelt out in your job description
- Intellectual Curiosity – we are looking for someone who is truly interested in our profession and has the intellectual curiosity to delve deep into topics and bring fresh ideas to the team
- IT Literacy - you need to be comfortable with IT systems and working with data (you should have at least intermediate-level excel)
- Delivery focus – it may sound obvious, but the ability to proactively churn through work at pace and deliver quality outputs really matters
- Strong critical thinking and problem-solving skills
- Passion for our mission ‘to generate a more sustainable future by leading the transition to clean energy
- Our values: be a leader, build trust, be responsible, be innovative and ‘bring your alpha’.
EXPERIENCE & QUALIFICATIONS
- ACA/ACCA/CIMA qualified accountant (essential)
- 3+ years’ experience in a similar role (essential)
- Proven track record of process improvement (essential)
- Experience of implementing automation tools / systems (desirable)
- Fluent, advanced business level English (essential).
- Renewable energy experience (desirable)
WHAT WE OFFER
- A busy role in a supportive team, with plenty of opportunities to learn
- International scope – we operate in over 8 countries
- Hybrid working – we will need you in the central London (Mayfair) office twice a week
- 30 days’ holiday per year (3 of which are taken during the festive shutdown in December)
- Private pension
- BUPA Healthcare for you and qualifying dependents
- Cycle to work and electric vehicle leasing schemes
- Annual discretionary bonus.
HOW TO APPLY
If you are interested in this opportunity, please follow the link to apply or send your application to careers@nextenergygroup.com. If you have been shortlisted for the next stage, we will be in contact within 14 days.
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DIVERSITY AND INCLUSION
Our approach to diversity and inclusion is a natural extension of our values. Our entrepreneurial culture inspires us to try new things, be open to different viewpoints and be bold. Our Group is committed to cultivating and preserving a culture of connectedness that values difference and gives space for individual expression. The collective sum of our individual differences, life experiences, knowledge, innovation, self-expression, and talent and hard work form the bedrock of who we are and who we aspire to be.
We are committed to equal employment and advancement opportunity irrespective of race, color, ancestry, social background, religion, gender, national origin, sexual orientation, age, citizenship, marital status, disability and gender identity.
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